COVID-19 and AGMs

The AGM season is well under way for many businesses, but recent restrictions on group gatherings, and the UK 'lockdown' as a result of COVID-19 is posing difficulties for meetings to be held as planned.

Businesses may find themselves in a position where holding an AGM is no longer possible due to travel restrictions, cancellations or closures of locations and the illness of members. This poses concerns for the majority of companies who have December 31 year-ends.

Corporate Insolvency and Governance Bill 2020

The government is seeking to provide support to companies that may be facing financial difficulties by introducing new measures designed to maximise chance of survival. The Bill will temporarily suspend parts of insolvency law and amend Company Law and other legislation to relax rules around company filing and annual general meetings.

How can I buy a property owned by a company?

The most obvious answer is to simply buy the property, as a company asset, from the company. But there is another option - to buy the company itself! Whilst this may not be the immediately obvious choice, there can be benefits to this - but each option needs to be considered on its merits.

Shareholders Agreement - what they are and why you need one

Owning a company on your own is great, it means you have ultimate control over any decision which the company makes, without having to consider what anyone else thinks. However, as soon as a company is owned by more than one person, things become a little more complicated. The more shareholders of a company the more opinions and therefore, the greater the risk of conflicts arising regarding the management of the company.

COVID-19 - implications for consumer contracts

For businesses facing supply chain disruption, an important consideration is the potential impact on consumer rights. Consumer contracts (business to consumer) are subject to additional rules, mainly found in the Consumer Rights Act 2015 (CRA) and Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 (CCR). This article will consider these rules in the context of COVID-19.